WebThe first contribution to the TSP—your own contribution or that of your agency or service—establishes your account. If you’re a FERS or CSRS employee or a BRS member who began or rejoined federal service after October 1, 2024, your agency or service automatically enrolled you in the TSP, and 5% of your basic salary is deducted from WebFeb 13, 2010 · This means that the combination of regular and “catch-up” contributions cannot exceed $22,000, which includes the $16,500 elective deferral limit plus the $5,500 “catch-up” contribution limit. Those employees 50 and older who have made a hardship withdrawal from the TSP are ineligible to make “catch-up” contributions within six ...
Making Contributions The Thrift Savings Plan (TSP)
WebThe first contribution to the TSP—your own contribution or that of your agency or service—establishes your . account . If you’re a FERS or CSRS employee or a BRS member … WebDec 19, 2024 · The Thrift Savings Plan (TSP) is a retirement savings and investment plan for Federal employees and members of the uniformed services, including the Ready Reserve. … shutters sale tolworth
Benefits - CIVMAR - Military Sealift Command
WebTSP 3 – Designation of Beneficiary, TSP – This form designates any contributions you have in the Thrift Savings Plan (TSP). Mail to TSP at the address on the form. NOTE: Do not erase, cross or white-out anywhere on these forms. If there is an error, complete a new form. WebMay 14, 2024 · If you were hired or rehired on or after October 1, 2024, you were automatically enrolled in the TSP at 5% of your salary. You are getting the full match from your agency or service. If you decrease your employee contribution amount below 5%, you … WebTSP is a 403 (a) retirement plan, which is similar to a 401 (k), but is a section of the Internal Revenue Code that allows for salary deferments. TSP allows federal employees to contribute bi-weekly to a retirement savings and investment plan before tax contributions. Both EBIS and the TSP website offer services to federal employees. the palm tree broad st